China Coal Energy Company Limited Announces FY 2010 Dividend Payment Date

China Coal Energy Company Limited Announces FY 2010 Dividend Payment Date - China Coal Energy Company Limited announced that it will pay the cash dividend of RMB 0.15633 per share (before tax) to shareholders recorded on June 10, 2011. The Company's shares will be traded ex-dividend on June 13, 2011.

Via Reuters

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China Coal Energy Company Limited Announces Restructuring of Joint Venture

China Coal Energy Company Limited Announces Restructuring of Joint Venture - China Coal Energy Company Limited announced that a coking company, in which the Company and Shanxi Coking Coal Group Co., Ltd (Company A) respectively hold a 50% stake, will be split into two new companies, in both of which the Company and Company A still hold a 50% stake respectively. After that, the Company will inject capital to one of the new companies to increase its holdings to 51%, while Company A will invest in the other company to increase its holdings to 51%, too.

Via Reuters

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China to massively increase coal consumption and CO2 emissions

China to massively increase coal consumption and CO2 emissions - Plans to use massive new hydropower development to boost China’s power capacity by nearly half by 2015 will not dent coal demand enough to cut greenhouse gas emissions and could further damage the country’s strained river system.

China wants to raise installed power capacity by 490 gigawatts (GW) to 1,440 GW by 2015. At least 140 gigawatts of the new capacity will be from hydro power — equivalent to more than seven Three Gorges hydropower projects and enough to run the whole of France.

The new hydro, along with other sources, is expected to cut coal-fired power from 73 percent of China’s generating capacity to 67 percent and slow the growth of CO2 emissions, which reached 7.5 billion tons in 2009 and are forecast to rise to as high as 12 billion tons by 2030.

But even a stringent pollution-reduction regime would still see China pump out about 9.7 billion tons of CO2 emissions by 2030 as new coal and other fossil plants also come online.

“You’re just playing with the edges,” Hayden Bairstow, an analyst with CLSA in Sydney said, adding that any move away from coal would also be paired with efforts to shut down smaller miners producing lower quality coal, and was likely to lead to more imports. (Reuters)

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China Coal Consumption 2011

China Coal Consumption 2011 - The Situation of China's Coal Demand in 2011.Recently, experts have made research on China's coal demand in the recent years. The statistics show that during the latest 10 years, the lowest growth rate of China's coal demand was 8.1%, and the average rate was 9.4%. The experts expect the growth rate of China's coal demand in 2011 will be 10.6%.

Although currently a lot of green energy resources (such as ethanol gasoline), have lead to the decrease of coal demand in China. However, it is expected that the coal demand will still grow from 3.43 billion tons in 2010 to 3.8 billion tons in 2011, while the coal production capacity in 2011 is only 37 million tons. Therefore, next year, the domestic coal market will be in short supply.

The survey has showed that, currently, the growth rate of China's coal supply tends to slow down, which makes it unable to meet the demand for coal next year. First of all, the tonnage expenditure grows rapidly, while the growth rate of coal investment has slowed down. The large number of integrated investment in 2008 is unable to release the production capacity in 2011. It is expected that in 2011, the production capacity will grow to 3.74 billion tons. Secondly, transport bottlenecks still exist, which may affect the transfer of 40 million tons of coal in 2011. It is expected the effective supply of coal in 2011 will be 3.7 billion tons. In 2011, the amount of coal transfer will increase by 180 million tons, while the transport capacity of rail and road is only 140 million tons. As a result, there is still a shortage of transport capacity for 40 million tons of coal.

In terms of investment, experts believe that the integration of small coal mines will continue to promote the profit margins of the coal industry. During the economic crisis in 1998, influenced by the overcapacity in coal industry, China shut down a large number of small coal mines. In 2003, our country found that the coal supply was in shortage, so it began to encourage the development of private coal. The output of the entire industry grew at a rate more than 20% every year. In 2005, the problem of overcapacity of the entire coal industry was very serious, so China began to shut down small coal mines again. The same thing happened in 2009. Had experienced a significant downturn in demand in 2008, coal price fell rapidly. However, after a comprehensive integration of coal in Shanxi, coal supply fell by over 100 million tons.

In a word, experts believe that the increasing of the integration and concentration of coal industry will continue to increase the profits of coal industry.

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TANJUNG BARA ANCHORAGE [ INDONESIAN COAL LOADING PORT ]

TANJUNG BARA ANCHORAGE [ INDONESIAN COAL LOADING PORT ]

Name of Loading Port : Tanjung Bara, Lubuk Tutung
Name of Transhipper : FTS “BULK PIONER” (Moveable)
Position : Lat 00-32' North / Long 117-39-30 East
Lat 00-45 North / Long 117-47-00 East
Loading Method : 1. FTS (Floating Transfer Station)
2. Ship Cranes + Grab)
Port Restriction : No Restriction (Open Sea)
Loading Rate : 1. 15,000 MT - 20,000 MT/Day2. 10,000 MT - 12,000/Day
Working Hours : 24 Hour/day, 7 days/week SHINC excluding national major holiday

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TANJUNG BARA COAL TERMINAL [ INDONESIAN COAL LOADING PORT ]

TANJUNG BARA COAL TERMINAL [ INDONESIAN COAL LOADING PORT ]

Position : Lat 00-32' North / Long 117-39' East
Port Restriction : - Max Draft at
: 17,25 M + high tide - 0.75 UKC
- Max Beam : 50 M
- Max LOA : 300 M
- Max Air Draft : 22 M
Depth of Berth : 17.25 L.A.T
Loading Facility : 2 Ship's Loader
Average Loading Rate : 3,500 MT - 4,000 MT
Grabs : Most of the shipment provide by vessel Grabs
Working Hours : 24 Hour/day, 7 days/week SHINC excluding national major holiday

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TANJUNG PEMANCINGAN ANCHORAGE [ INDONESIAN COAL LOADING PORT ]

TANJUNG PEMANCINGAN ANCHORAGE [ INDONESIAN COAL LOADING PORT ]

Position : Lat 03-12-00 South / Long 11-21-40 East (max Draft 15 M-19 M)
Lat 03-12-04 South / Long 116-19.6 East (max Draft about 18 M)
Port Restriction : No Restriction (Open Sea)
Loading Rate : - 5,000 - 7,000 MT/Day (by Ship's geared/grabs)
- About 10,000 MT/Day by Floating Crane
Grabs : Most of the shipment provide by vessel Grabs
Working Hours : 24 Hour/day, 7 days/week SHINC excluding national major holiday

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